USDCAD Daily Analysis – September 2, 2019

USDCAD broke above the falling price channel on the 4-hour chart, suggesting that the uptrend from 1.3015 has resumed. Further rise could be expected over the next several days and next target would be at 1.3400 area. Near term support is at 1.3295, below this level could bring the price back to 1.3260 zone.

USDCAD 4-hour chart